Answer:
The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States
B) The costs of overfishing and other overly intensive uses of resources.
C) The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
D) The leisure time enjoyed by Americans
Explanation:
GDP is a tool that is used to measure a nation's economic performance, However, it has limitations due to its exclusion of non-market transactions.
- The limitations identified can be summarized as:
- GDP does not incorporate any measures of welfare.
- GDP only includes market transactions.
- GDP does not describe income distribution.
- GDP does not describe what is being produced.
- GDP ignores externalities.
Answer:
find all answers in the explanation below
Explanation:
Patent Registration: This can be defined as the registration of the protection an invention to ensure that no one can make a copy of the said invention elsewhere. A patent registration is usually done after obtaining a patent right. A patent is the protection of an invention or idea to ensure that it is not produced or sold, etc by another individual. Patents are usually issued by the Patent and Trademark Office
Design Registration: This is the registration of a design such that it cannot be used elsewhere by another person. The registration of a design helps to protect the external look of an invention or product to ensure it is unusable anywhere else.
Non disclosure agreement: This is a legal contract that exists between two parties in which confidential messages, information, etc exchanged between them cannot be revealed to a third party. A non disclosure agreement is also called a confidential agreement or secrecy agreement or confidential disclosure agreement, etc among other names.
Trademark Registration: This can be defined as the registration of the protection of a company's mode of identity with its customers. Trademarks range from signs to symbols, to words, etc.
Cheers.
Answer: b. Economies of Scope
Explanation:
Economies of Scope refers to a situation where a company is able to reduce the cost of producing two or more goods by combining their production thereby leading to savings in the production process.
Economies of Scope in effect points out that there are some goods that when produced in tandem with another, lead to a cost reduction which means that its savings is <em>based on variety</em>.
Goods that usually achieve Economies of Scope are goods that are compliments, produced by similar methods or use similar inputs for production.
Firm A merging with Firm B produced the 5 radios and batteries cheaper so the new company is experiencing Economies of Scope.
Answer:
$2,320
Explanation:
Calculation to determine what amount of salaries earned but unpaid at the end of the accounting period is:
Ending salaries earned but unpaid=$2,900-$580
Ending salaries earned but unpaid=$2,320
($2,900-580)
Therefore the amount of salaries earned but unpaid at the end of the accounting period is: $2,320